IDACORP, Inc. Experiences Revision in Its Stock Evaluation Amid Competitive Market Landscape

IDACORP, Inc., a small-cap player in the power industry, has recently undergone a valuation adjustment. The company's current P/E ratio stands at 21, while its price-to-book value is recorded at 1.86. Other key metrics include an EV to EBIT ratio of 21.07 and an EV to EBITDA ratio of 13.64. The return on capital employed (ROCE) is noted at 6.96%, and the return on equity (ROE) is at 9.01%.
In comparison to its peers, IDACORP's valuation metrics reflect a competitive landscape. Pinnacle West Capital Corp. also holds an expensive valuation with a P/E ratio of 24.26, while The AES Corp. is noted for its very attractive valuation at a P/E of 25.28. OGE Energy Corp. shares a similar valuation category with a P/E of 17.83.

IDACORP's stock performance has shown resilience, with a year-to-date return of 18.74%, outperforming the S&P 500's 12.96% during the same period. Over the past year, IDACORP has achieved a return of 26.73%, significantly higher than the S&P 500's 15.64%. These metrics highlight IDACORP's position within the industry and its relative performance against key competitors.